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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 18, 1899
Page
10
A lively market scene across Boston and New York features rising oil and copper shares. Strong bets on Salti anore & Ohio and Chicago Great Western signal bullish sentiment, while Central Massachusetts earnings near a million yearly total bolster confidence as traders discuss tactics and commentary from contemporaries.
Readers quote mixed sentiment on grain prices with buyers delaying purchases. Traders note potential price strength if futures hold, while anxious voices call for large purchases and question past decisions.
A promotional offer markets a free book on margin trading, urging readers to buy it now and noting the target audience includes those aiming to learn and apply quick investing strategies. The tone suggests a sales pitch emphasizing quick action.
States Oil Company contemplates absorbing oil properties controlled by the Syndicate led by Tucker Anthony & Co. Directors call a special meeting for Nov 25 to authorize 60000 additional shares, to be placed by the directors. The directors adjourned to Nov 27. The 60000 shares are underwritten by insiders at 4 dollars each. A New York report quotes H H Rogers and rejects sale of copper assets by Rockefeller. Copper market outlook remains strong for 1900 with producers keeping most supply tied up.
Liverpool opened lower as Argentine shipments mount to a record total since January 1. Week shipments reached 1 040 000 bushels versus 1 752 000 the prior week. Chicago wheat opened a fraction under Thursday's close and traded from under to over calls with exporters leading. Northwest markets showed firmness on Cas wheat as Chicago and New York followed. receipts ran 867 cars, far below last year and last week.
Alumni living in Boston and vicinity gathered at the University Club forming The Boston Alumni Association of Worcester Polytechnic Institute. Sixty three members attended with guests including Dr. T. C. Mendenhall and Stephen Salisbury. Officers elected: President Elmer P. Howe, J. H. Churchill, Elmer C. Rice, and W. S. Ball.
The reporter notes that in a November 12 advertisement the public was urged to buy and reports active trading in Revenue Leasing and Mining, with bids rising from 40 to 70 cents. Authors claim their mining information costs are high and that their views favor the bull side, driven by investor clientele seeking cash for certificates and exits from the street.
Nevada W. H. Main, pastor of the Baptist Emanuel Church in Buffalo, testifies for Dr. Agnew’s Catarrhal Powder stating he found relief after trying many remedies. The ad notes sale by C. E. Woodward & Co. 52 Bromfield St Hunt & Co. 707 Washington St W D Wheeler 21 Massachusetts Ave.
Moy Loy, a famed Chinaman in the East, was released on a 2500 bond after being arrested in Boston on an indictment for conspiring to smuggle Chinese into the United States. He claims Dr Loy Moy caused the charge to target his job and vows to confront him.
Comptroller Davis reports results from 1889 to 1899 showing bank deposit accounts climbing from 6.71 million in 6 708 banks to about 11.48 million in 9 732 banks, with a projected 13.15 million in 12 804 banks. Loans also increase though at a slower rate and deposits per borrower grow.
The first annual party of Massachusetts Lodge No. 2 AOW at Deacon Hall drew a large crowd. A concert preceded a grand march from 8 to 9 led by A H Pettigrew and Miss T Kelly with a long line of couples following, including J McCloskey and Miss Margaret McCloskey and others.
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